Lead Plaintiff Deadline is Approaching - Act Now

Cardlytics Inc® Class Action

Froess v. Cardlytics, Inc. et al.

Cardlytics Inc

NASDAQ : CDLX

Class Period : 03/14/2024 - 08/07/2024

Lead Plaintiff Motion Deadline: 3/25/2025

Alleged Misstatements and Omissions

The Cardlytics class action lawsuit claims that the company misled investors by making false and misleading statements about its revenue growth and financial stability. Specifically, Cardlytics allegedly:

  • Failed to disclose that rising consumer engagement led to a higher cost of consumer incentives, reducing profitability.
  • Could not increase billings at a pace necessary to offset these higher incentive costs.
  • Misrepresented revenue growth potential, failing to warn investors of a slowdown or decline.
  • Made changes to its Ads Decision Engine (ADE) that caused “under-delivery” of marketing budgets and billing shortfalls.

These misleading statements distorted investors' view of Cardlytics' financial health and business strategy.

Effects on Stock Prices

A series of disclosures exposed the truth, significantly impacting shareholders:

  • May 8, 2024: Cardlytics reported just an 8% revenue increase year-over-year, while consumer incentives surged 20.2%, squeezing profits.
  • Stock Impact: Price dropped $5.33 per share (36.5%), closing at $9.27 on May 9, 2024.
  • August 7, 2024: The company announced a 9% revenue decline and a 3% drop in adjusted contribution, along with the sudden resignation of CEO Karim Temsamani.
  • Stock Impact: Price plummeted $3.94 per share (57.1%), closing at $2.96 on August 8, 2024.

Legal Rights for Affected Shareholders

Investors who purchased Cardlytics stock before August 8, 2024, may have legal grounds to recover their losses. The lawsuit alleges that Cardlytics misled investors about the impact of its business decisions and financial sustainability.

By joining this class action, you can:

  • Seek financial compensation for losses tied to Cardlytics stock.
  • Hold the company accountable for misleading financial disclosures.
  • Advocate for more substantial corporate transparency and investor protections.

Take Action Today

Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you don't miss your chance to recover damages.

By joining the Cardlytics class action, you join other affected shareholders in demanding accountability and pursuing fair compensation. Don’t wait—time is critical. Take action today.

112

DiCello Levitt Fights to Protect Shareholder Rights

At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.

If you've suffered losses due to Cardlytics, Inc.'s alleged misstatements, we're here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.

All affected investors deserve justice and compensation. Start with a free, private case review today.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

Find Out if You may be a Member
of the Class

Cardlytics Inc® Class Action

Froess v. Cardlytics, Inc. et al.

Cardlytics Inc

NASDAQ : CDLX

Class Period : 03/14/2024 - 08/07/2024

Lead Plaintiff Motion Deadline: 3/25/2025

Alleged Misstatements and Omissions

The Cardlytics class action lawsuit claims that the company misled investors by making false and misleading statements about its revenue growth and financial stability. Specifically, Cardlytics allegedly:

  • Failed to disclose that rising consumer engagement led to a higher cost of consumer incentives, reducing profitability.
  • Could not increase billings at a pace necessary to offset these higher incentive costs.
  • Misrepresented revenue growth potential, failing to warn investors of a slowdown or decline.
  • Made changes to its Ads Decision Engine (ADE) that caused “under-delivery” of marketing budgets and billing shortfalls.

These misleading statements distorted investors' view of Cardlytics' financial health and business strategy.

Effects on Stock Prices

A series of disclosures exposed the truth, significantly impacting shareholders:

  • May 8, 2024: Cardlytics reported just an 8% revenue increase year-over-year, while consumer incentives surged 20.2%, squeezing profits.
  • Stock Impact: Price dropped $5.33 per share (36.5%), closing at $9.27 on May 9, 2024.
  • August 7, 2024: The company announced a 9% revenue decline and a 3% drop in adjusted contribution, along with the sudden resignation of CEO Karim Temsamani.
  • Stock Impact: Price plummeted $3.94 per share (57.1%), closing at $2.96 on August 8, 2024.

Legal Rights for Affected Shareholders

Investors who purchased Cardlytics stock before August 8, 2024, may have legal grounds to recover their losses. The lawsuit alleges that Cardlytics misled investors about the impact of its business decisions and financial sustainability.

By joining this class action, you can:

  • Seek financial compensation for losses tied to Cardlytics stock.
  • Hold the company accountable for misleading financial disclosures.
  • Advocate for more substantial corporate transparency and investor protections.

Take Action Today

Protect your legal rights by acting promptly. Contact experienced securities fraud attorneys to explore your options. Filing your claim before the legal deadline ensures you don't miss your chance to recover damages.

By joining the Cardlytics class action, you join other affected shareholders in demanding accountability and pursuing fair compensation. Don’t wait—time is critical. Take action today.

112

DiCello Levitt Fights to Protect Shareholder Rights

At DiCello Levitt, we are dedicated to representing shareholders harmed by corporate misconduct. Our experienced legal team is committed to holding companies accountable when they mislead investors and cause financial losses. With a proven track record in securities litigation, we understand what it takes to build a strong case and fight for maximum compensation.

If you've suffered losses due to Cardlytics, Inc.'s alleged misstatements, we're here to help. Contact us today for a free, confidential case evaluation. Learn about your legal options and determine the potential value of your claim.

All affected investors deserve justice and compensation. Start with a free, private case review today.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

100% Free & Secure Case Evaluations

Answer a few basic questions to get started

We'll ask specific questions to understand the situation, damage risk, and other vital information to help determine the next steps.

Receive a confidential evaluation

A qualified legal team led by a Financial Products Litigation attorney will consider the facts of your case.

Cardlytics® Investors may have grounds to pursue legal action and financial recovery of damages.

This website offers general information only and is not legal or investment advice. This advertisement is not associated with any government agency.

www.stockfraudclaim.com is the property of Shield Legal LLC. 5170 Badura Ave Las Vegas, NV 89118

Participating law firm: DiCello Levitt LLP, 10 North Dearborn Street Sixth Floor Chicago, IL 60602. For additional terms, disclaimers, and conditions, please visit https://dicellolevitt.com/privacy-policy/

This website is not part of the Facebook website or Facebook, Inc., and it is NOT endorsed by Facebook in any way. FACEBOOK is a trademark of Facebook, Inc.

ATTORNEY ADVERTISING. This Website does not provide investment, legal, or medical advice. Every case is evaluated on its facts and circumstances. Valuation depends on facts, injuries, jurisdiction, venue, witnesses, parties, and testimony, among other factors. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. Stock Fraud Claim does not itself provide legal services. Cases will be referred to third-party attorneys and law firms.  Court costs and case expenses may be the responsibility of the client. Not available in all states. This advertisement is not intended as a testimonial, endorsement, or dramatization and does not constitute a guarantee, warranty, or prediction regarding the outcome of your legal matter, either expressed or implied. Anyone considering a lawyer should independently investigate the lawyer's credentials and ability, and not rely upon advertisements or self-proclaimed expertise. Only persons age 18 or older have permission to access our Service. Our Service does not address anyone under 13 ("Children").

NO ATTORNEY-CLIENT RELATIONSHIP. Use of this website, including sending or receiving information through it, does not establish an attorney-client relationship, nor is any non-passworded information considered privileged or confidential. No class has been certified.  Until a case is filed and a class is certified, you are not represented by counsel unless you retain one.  You may select counsel of your choice.  An attorney-client relationship with DiCello Levitt is established only by an express written agreement signed by DiCello Levitt to represent you.

Attorney Advertising.  Prior results do not guarantee a similar outcome.

Privacy Policy | Terms and Conditions | CCPA Privacy Notice | Do Not Sell My Info

©2024 Stock Fraud Claim. All Rights Reserved